In Shinjuku, the set meal in the photo costs $4.
In the U.S., a set meal at McDonald's costs $15.
What a cosy country we live in!
The S&P rallied and then plunged after the FOMC.
It means that there were two interpretations.
The dollar seems to have reached its climax.
The dollar is no longer reacting to a rise in U.S. interest rates.
the dollar index is unable to break out of the highs reached at the end of September.
The dollar-yen has peaked out.
The dollar index is unable to break out of its range.
Meanwhile, the U.S. 2-year Treasury rate continues to rise.
There is room for another 30 bp rise to the terminal rate of 5%.
Until then, equity exposure cannot be increased.
Vanguard Energy ETF and WTI Futures Diverge
Energy ETF blue, WTI futures orange.
VDE goes up when oil goes down. When oil goes up, it goes up more.